Investors charged back into mutual funds with a vengeance in early February. According to statistics released today by the Investment Company Institute, investors poured an estimated $13.17 billion into equity, bond and hybrid mutual funds during the week ended Wednesday, Feb. 8. That’s 65% more than the $7.96 billion mutual funds posted in fresh inflows the week before and the largest weekly inflow this year.

Bond funds received the biggest infusion, receiving an estimated $7.05 billion. Of that, $5.31 billion went to taxable bond funds with the remaining $1.74 billion going to municipal bond funds.

Next up were equity funds, which posted an estimated $3.62 billion in inflows for the week, almost evenly divided between U.S. and foreign stock funds. U.S. equity funds gained $1.92 billion in new investments, more than making up for the $1.81 billion they lost the week before. Foreign equity stocks also saw a big improvement, posting $1.70 billion in inflows, up dramatically from the $108 million they captured the previous week.

Hybrid funds—those that invest in both stocks and fixed-income securities—came in third, attracting $2.49 billion in investor money, up slightly from the $2.20 billion it posted in inflows a week earlier.

The weekly fund flow estimates are derived from data covering more than 95% of industry assets, according to ICI. The statistics cover long-term mutual funds, those the ICI defines as investing in long-term instruments.

Margarida Correia writes for Bank Investment Consultant.


Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access